Sultan, WA 98294 402 1st Street
$475,000
Pending
5 more
Presented By: COMPASS and NWMLS
- MLS# 2411535
- 07/23/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 1,620
Home Details
Investor opportunity in growing Sultan! This fully leased duplex features two spacious 2 bed, 1 bath units with solid tenants and strong rental history. Current rents are below market, offering immediate upside potential with room to increase cash flow. Ideally located just minutes from Hwy 2 for an easy commute and close to local shops, dining, and everyday conveniences. Each unit offers a functional layout, off-street parking, and separate entrances for privacy. Whether you’re expanding your portfolio or looking for a stable, income-producing asset with long-term upside, this is a smart addition. Don’t miss out on this value-add duplex in a rapidly developing area.
Presented By: COMPASS and NWMLS
Interior Features for 402 1st Street
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringEngineered Hardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 402 1st Street
Building Area UnitsSquare Feet
Building NameSTEVENS 2ND ADD TO SULTAN
Cap Rate3.4
Carport Spaces
Carport Y/NNo
CitySultan
CoolingNone
CountySnohomish
DirectionsHeading E. on Hwy 2, Turn left on 3rd St, then left on Cedar Ave, Then right on 1st St. Property on the right corner
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictSultan
Insurance Expense1500
Leasable Area1620
Listing TermsCash Out, Conventional, FHA, USDA Loan, VA Loan
Lot Size Square Feet5227
Lot Size UnitsSquare Feet
MLS Area750 – East Snohomish County
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-04T21:18:10.819Z
NWM_ShowMapLinkY
Net Operating Income16717
New ConstructionNo
Number Of Units Total2
Open Parking Spaces4
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksInvestor opportunity in growing Sultan! This fully leased duplex features two spacious 2 bed, 1 bath units with solid tenants and strong rental history. Current rents are below market, offering immedia
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeDuplex
Subdivision NameBaring
Tax Annual Amount3113
Tax Year2024
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water CompanyCity of Sultan
Water Sewer Garbage5520
Year Built1979
Zoning DescriptionMulti-Family
Exterior for 402 1st Street
Building Area Total1620
Covered Spaces
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions76×70
Lot FeaturesCorner Lot, Curbs, Paved, Sidewalk
Lot Number1 and 2
Lot Size Acres0.12
Parking Uncovered Spaces4
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
Josh QA1
REALTOR ® SRES ®